Abbot getting smoked today


What do you all think about this. Earnings were good and guidance was slightly raised but it seems the fear out there, combined with today’s market action, is the NEC litigation. The ceo was on Cramer this morning talking down the risk, but Cramer straight up said he thought they were going to lose the lawsuit. He mentioned it could be a JNJ style overhang on the stock.

What are your thoughts on this name? I’ve never owned but always known this to be a quality name. Seeing it under 100 is a rare find.


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